Far-right Meloni accepts becoming Italy's first woman PM


Neil Murphy
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Giorgia Meloni has accepted a mandate to form Italy's next government, a presidential official said on Friday, paving the way for her to become the country's first woman prime minister.

The new government will be formally sworn in on Saturday morning and will face confidence votes in both houses of parliament next week.

Ms Meloni, head of the nationalist Brothers of Italy, led an alliance of conservative parties to victory during the September 25 election. Her party will form the country's most right-wing government since the Second World War.

“Giorgia Meloni has accepted the mandate and has presented her list of ministers,” presidential official Ugo Zampetti told reporters after Ms Meloni consulted with President Sergio Mattarella, who, as head of state, formally asked her to form a government.

The Brothers of Italy, which holds Eurosceptic and anti-immigration views, won 26 per cent of the vote in the September polls, compared to 8 and 9 per cent, respectively, for allies Forza Italia and the far-right League.

Ms Meloni's appointment is a historic change for the eurozone's third-largest economy and for Brothers of Italy, which has never been in government.

The consultations to cobble together a government have been overshadowed by disagreements over Ms Meloni's ardent support for Ukraine since the Russian invasion, with her two would-be coalition partners both considered to be close to Moscow.

A recording was leaked during the week in which Italy's former prime minister Silvio Berlusconi — who heads Forza Italia — talks about his warm ties with Moscow and appeared to blame the war in Ukraine on Ukrainian President Volodymyr Zelenskyy.

Italian designated prime minister Giorgia Meloni will form Italy's most right-wing government for over two decades. EPA.
Italian designated prime minister Giorgia Meloni will form Italy's most right-wing government for over two decades. EPA.

Her other coalition partner, Matteo Salvini leader of the League party, is a long-time fan of Russian President Vladimir Putin and has criticised western sanctions on Moscow.

Despite her Eurosceptic stance, Ms Meloni has been firm about her support for Ukraine, in line with the rest of the European Union and the US.

“I intend to lead a government with a clear and unequivocal foreign policy line,” she has said. “Italy is fully, and with its head held high, part of Europe and the Atlantic alliance.

“Anyone who does not agree with this cornerstone will not be able to be part of the government, even at the cost of not forming a government.”

Giorgia Meloni to become Italy's first female prime minister — in pictures

Mr Berlusconi, 86, has said that his personal and political positions “do not deviate from that of the Italian government [and] the European Union” on Ukraine.

But the tension adds to concerns that Ms Meloni's coalition, held together by the need for a parliamentary majority, will struggle to maintain unity.

Allies of Mr Berlusconi insist his comments in the recording, from a meeting with politicians earlier this week, were taken out of context.

The billionaire media mogul described a rekindling of relations with long-time friend Mr Putin, whom he said had sent him 20 bottles of vodka and a “very sweet letter” for his birthday.

Ms Meloni's coalition wants to renegotiate Italy's part of the EU's post-Covid recovery fund, arguing the almost €200 billion ($193 billion) it expects to receive should take into account the current energy crisis, exacerbated by Moscow's invasion of Ukraine.

But the funds are tied to a series of reforms only recently begun by departing Prime Minister Mario Draghi, and analysts say she has limited room to manoeuvre.

Campaigning on a platform of “God, country and family”, Ms Meloni sparked fears of a regression on rights in the Catholic-majority country.

She has distanced herself from her party's neo-fascist past — and her own, after praising dictator Benito Mussolini as a teenager — and presented herself as a straight-talking but unthreatening leader.

Inflation in Italy rose to 8.9 per cent in September over the previous year, threatening to put the country into a recession next year.

The margin for manoeuvre is limited given that its colossal debt represents 150 per cent of gross domestic product, the highest in the eurozone after Greece.

Mr Draghi used his last day on the European stage on Friday to warn both his fellow leaders and Ms Meloni that a united Europe should remain their “guiding star”.

He said everyone looked at “the EU as a source of security, stability and peace” and added: “We have to keep this in mind as a guiding star for the future, especially in troubled times like these.”

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Castro (45'), Aspas (82')

Barcelona 2
Dembele (36'), Alcacer (64')

Red card: Sergi Roberto (Barcelona)

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Scoreline:

Cardiff City 0

Liverpool 2

Wijnaldum 57', Milner 81' (pen)

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Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Company%20Profile
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Men's semi-finals

Novak Djokovic (1) v Dominic Thiem (5) from 6pm

Stefanos Tsitsipas (8) v Rafael Nadal (2) from 11pm

Women's final

Simona Halep (3) v Kiki Bertens (7) from 8.30pm

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

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Dubai Women's Tour teams

Agolico BMC
Andy Schleck Cycles-Immo Losch
Aromitalia Basso Bikes Vaiano
Cogeas Mettler Look
Doltcini-Van Eyck Sport
Hitec Products – Birk Sport 
Kazakhstan National Team
Kuwait Cycling Team
Macogep Tornatech Girondins de Bordeaux
Minsk Cycling Club 
Pannonia Regional Team (Fehérvár)
Team Auvergne-Rhône-Alpes
Team Ciclotel
UAE Women’s Team
Under 23 Kazakhstan Team
Wheel Divas Cycling Team

Scoreline

Liverpool 4

Oxlade-Chamberlain 9', Firmino 59', Mane 61', Salah 68'

Manchester City 3

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UAE currency: the story behind the money in your pockets
Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Updated: October 21, 2022, 5:53 PM